All this studding we're seeing everywhere is one massive cry to the recession feelers amongst our public to start DIYing. All it takes is a pair of cheap black Primark boots/shoes, studs from ebay, an awl to pierce holes with and an eye focused on keeping the studs in line. That's really all there is to it!
I'm currently in the process and will post a photo of the final product once the process is completed.
Some photos of some boot studding arrangements to inspire: